OSIM : Voluntary Unconditional Cash Offer By Vision Three Pte. Ltd. - Extension Of Closing Date

Microsoft Word - 160429_2 Oracle - Extension of Closing Date.docx VOLUNTARY UNCONDITIONAL CASH OFFER

by

CREDIT SUISSE (SINGAPORE) LIMITED

(Incorporated in the Republic of Singapore) (Company Registration No.: 197702363D)

for and on behalf of

VISION THREE PTE. LTD.

(Incorporated in the Republic of Singapore) (Company Registration No.: 201605240G)

for all the issued ordinary shares in the capital of

OSIM INTERNATIONAL LTD

(Incorporated in the Republic of Singapore) (Company Registration No.: 198304191N)

other than those held in treasury and those already owned, controlled or agreed to be acquired by Vision Three Pte. Ltd. and all of the outstanding S$170,000,000 Zero Coupon Convertible Bonds due 2019

(ISIN No.: XS1103850993, Common Code: 110385099)

issued by OSIM International Ltd

EXTENSION OF CLOSING DATE

1. INTRODUCTION

   Reference is made to:

2. the voluntary unconditional cash offer (the "Offer") by Vision Three Pte. Ltd. (the "Offeror"), for all the issued ordinary shares ("Shares") in the capital of OSIM International Ltd (the "Company", and together with its subsidiaries, the "Group"), other than those held in treasury and those already owned, controlled or agreed to be acquired by the Offeror as at the date of the Offer, at a price of S$1.32 in cash per Offer Share ("Offer Price") announced on 7 March 2016 ("Offer Announcement Date");

3. the offer document dated 23 March 2016 (the "Offer Document") in relation to the Offer for Securities;

4. the announcement dated 5 April 2016 in relation to the revision of the Offer Price and the extension of Closing Date for the Offer for Securities;

5. the announcement dated 8 April 2016 (the "Final Ex-Dividend Offer Price Announcement") in relation to, amongst others, the Final Ex-Dividend Offer Price and extension of Closing Date for the Offer for Securities; and

6. the announcement dated 21 April 2016 (the "Updated Acceptance Forms Announcement") in relation to the updating of the relevant FAA and FAT.

   Unless otherwise defined, capitalised terms in this Announcement have the same meaning as defined in the Offer Document, the Final Ex-Dividend Offer Price Announcement and the Updated Acceptance Forms Announcement.

7. EXTENSION OF CLOSING DATE

   Credit Suisse wishes to announce, for and on behalf of the Offeror, that the Closing Date of the Offer and the Convertible Bonds Offer is extended from 5.30 p.m. (Singapore time) on 29 April 2016 (Friday) to 5.30 p.m. (Singapore time) on 12 May 2016 (Thursday) (or such later date(s) as may be announced from time to time by or on behalf of the Offeror).

8. OTHER TERMS

   Save for the extension of the Closing Date as set out above, all the other terms and conditions of the Offer for Securities as set out in the Offer Document and the Final Ex- Dividend Offer Price Announcement remain unchanged.

9. PROCEDURES FOR ACCEPTANCE OF THE OFFER If you are in any doubt about the Offer, you should consult your stockbroker, bank manager, solicitor or other professional adviser immediately. All Overseas Shareholders should inform themselves about, and observe, any applicable requirements in their own jurisdictions.
10. Acceptance Procedures for Shareholders

    Shareholders who wish to accept the Offer may do so by following the procedures set out in Appendix 2 to the Offer Document and in the FAA and/or the FAT or the updated FAA and/or the updated FAT (as the case may be). Shareholders who wish to accept the Offer may do so by completing and returning the FAA and/or the FAT or the updated FAA and/or the updated FAT (as the case may be).

11. Acceptance Procedures for CPFIS Investors

    CPFIS Investors who wish to accept the Offer should contact their respective CPF Agent Banks on how to accept the Offer. CPFIS Investors who wish to accept the Offer are to reply to their respective CPF Agent Banks by the deadline stated in the letters from such agent banks.

12. Acceptance Procedure for Bondholders

Bondholders who wish to accept the Convertible Bonds Offer may do so by following the procedures set out in Appendix 3 to the Offer Document.

13. RESPONSIBILITY STATEMENT

The director of the Offeror (notwithstanding that he may have delegated detailed supervision of this Announcement (as relevant)) has taken all reasonable care to ensure that the facts stated and all opinions expressed in this Announcement are fair and accurate and that no material facts have been omitted from this Announcement, the omission of which would make any statement in this Announcement misleading.

Where any information has been extracted or reproduced from published or otherwise publicly available sources (including, without limitation, information in relation to the Company or the Group), the sole responsibility of the Offeror's director has been to ensure through reasonable enquiries that such information is accurately and correctly extracted from such sources or, as the case may be, reflected or reproduced in this Announcement in its proper form and context.

Issued by

CREDIT SUISSE (SINGAPORE) LIMITED

For and on behalf of

VISION THREE PTE. LTD.

29 April 2016

Any enquiries relating to this Announcement or the Offer should be directed to the following:

Credit Suisse (Singapore) Limited Tel: (65) 6212 2000

Forward-Looking Statements

All statements other than statements of historical facts included in this announcement are or may be forward-looking statements. Forward-looking statements include but are not limited to those using words such as "seek", "expect", "anticipate", "estimate", "believe", "intend", "project", "plan", "strategy", "forecast" and similar expressions or future or conditional verbs such as "will", "would", "should", "could", "may" and "might". These statements reflect the current expectations, beliefs, hopes, intentions or strategies of the party making the statements regarding the future and assumptions in light of currently available information. Such forward-looking statements are not guarantees of future performance or events and involve known and unknown risks and uncertainties. Accordingly, actual results may differ materially from those described in such forward-looking statements. Shareholders and investors of the Company and/or any other person should not place undue reliance on such forward-looking statements, and neither the Offeror nor Credit Suisse undertakes any obligation to update publicly or revise any forward-looking statements.